Superannuation


Taxation and Super Funds

2. An increase to the age limit of 65 that people can make a contribution to super regardless of their employment situation (i.e. the need to satisfy the ‘work test”) to 67 years. The proposal has not yet been legislated.

3. An increase to the age limit for spouse contributions to meet work test requirements during the financial year and before the contribution is made to between 65 to 69 years to between 65 to 74 years. The proposal has not yet been legislated.

4. An increase to the age limit of 65 for non-concessional contributions under the ‘3-year bring forward rule’) to 67 years. The proposal has not yet been legislated.

The majority of these changes are still only proposals at the time of writing (1 July 2019) and legislation needs to be passed to make them effective. Changes could be made or the proposals may be rejected.